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Winners and Losers - 401(k) Trading and Portfolio Performance (PDF)
University of Michigan Retirement Research Center [MRRC] 
July 25, 2007 Excerpt: Few previous studies have explored how individuals manage their defined contribution (DC) pension plan assets, even though such plans constitute an increasingly important component of retirement wealth. Using a unique new dataset on over one million active 401(k) plan participants in a wide range of plans, we assess the impact of trading on investment performance in DC plans. [Working paper no. 2007-154] MORE >> |
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